MINING & RETAIL

179 small-scale miners benefit from $40m GDI

FIDELITY Printers and Refiners has so far disbursed $30 million to 179 small-scale miners across the country under the $40 million Gold Development Initiative.Towards the end of last year, the Reserve...

By Staff reporter | Published: 25 July 2017

MINING & RETAIL

Small-scale miners praised for 'local' uptake

GOVERNMENT has showered praises on small-scale miners for their support for locally produced products.Industry and Commerce Minister Dr Mike Bimha said local procurement was critical towards building ...

By Staff reporter | Published: 25 July 2017

FINANCIAL SERVICES

FBC Insurance targets growth with SSP

FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP's digital insurance platform, SSP Pure Insurance.SSP Pure In...

By Agncies | Published: 24 July 2017

TELECOMS & TECHNOLOGY

TelOne on reforestation mission

TELONE have embarked on a reforestation journey targeting 56 000 trees by December this year.Addressing delegates at Nyamhunga Township where TelOne handed over 100 bins to Kariba Municipality, TelOne...

By Staff reporter | Published: 24 July 2017

TELECOMS & TECHNOLOGY

Kangai application dismissed

Reward Kangai's urgent chamber application to get an interdict to stop the recruitment of a CEO for NetOne was denied with costs.The judge also pointed out that Mr Kangai could not have had a legitima...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Unki mine unit costs decline as output rises

Anglo American Platinum (Amplats) announced on Monday that production from Unki mine in Zimbabwe increased by 5% to a new production record of 38,400 ounces compared to the comparable period productio...

By Ngoni Shenjere | Published: 25 July 2017

Econet brings in VoIP with One Horizon Group

Zimbabwean operator Econet Wireless and One Horizon Group have partnered to launch a mobile Voice over IP service branded 'Econet Plus', which is set to remove roaming charges for users of the service...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Choppies to use dividends unclaimed for 3 years

Choppies Enterprises advised its shareholders that dividends unclaimed for 3 years from the due date of payment may become the property of the Company and used for the benefit of the Company.Choppies ...

By Ngoni Shenjere | Published: 24 July 2017

MINING & RETAIL

PPC CEO quits

The chief executive of cement maker PPC, Darryll Castle, quit on Monday. This comes a few days after Tito Mboweni's unexpected resignation from PPC's board has prompted speculation that it might relat...

By Ngoni Shenjere | Published: 24 July 2017

MINING & RETAIL

Too much publicity spoiled Zisco/Essar deal

INDUSTRY and Commerce Minister, Dr Mike Bimha said "too much publicity" frustrated the $750 million Zisco/Essar Global deal.The Government in 2011 sealed the mega-deal with Essar Global, an Indian co...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Govt probes Apple Bridge chrome deals

The Government has directed Apple Bridge Investment, a special purpose vehicle it created to buy and export chrome from small scale miners, to declare its business dealings over the past year followin...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Supermarket in court for withholding cash

A BULAWAYO supermarket has been dragged to court by the Reserve Bank of Zimbabwe (RBZ) over failure to submit cash sales returns and deposits to the central bank.The Greens Supermarket director, Arthu...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Gain Cash and Carry invests $1m in Bulawayo

GAIN Cash and Carry has opened its first branch in Bulawayo after investing about $1 million dollars in setting up the business.The wholesale company acquired the business through a management buyout ...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Venture into mining sector, women urged

WOMEN should empower themselves by taking advantage of the existing investment opportunities in the country, a senior official has said.Speaking during the Mine Entra expo in Bulawayo last week, Wome...

By Staff reporter | Published: 24 July 2017

TELECOMS & TECHNOLOGY

Econet ready to share infrastructure

MOBILE phone operator Econet says it is ready to share infrastructure with other operators but only if all players contribute equally.Speaking at the four day Institute of Chartered Accountants of Zi...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Diamond output rises on $30m injection

Zimbabwe's diamond output for the first half of 2017 jumped to 1,1 million carats (220kg) against 690 000 carats produced during the whole of 2016.The big rise in diamond production follows Governmen...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Simbisa Brands eyeing listing on LSE's AIM

Zimbabwe Stock Exchange listed Simbisa Brands, the company which houses fast food names such as Chicken Inn and Pizza Inn, is reportedly eyeing a secondary listing on the London Stock Exchange Alterna...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim mining sector to grow 5.1%

The mining sector is seen growing 5,1 percent this year buoyed by positive performance from the gold, platinum, chrome, coal and nickel sectors, Finance minister Patrick Chinamasa said.Chinamasa on T...

By Staff reporter | Published: 23 July 2017

FINANCIAL SERVICES

Banks disbursing funds for retooling of companies

THE Reserve Bank of Zimbabwe (RBZ) and a number of financial institutions have started disbursing funds for the recapitalisation of companies whose products were placed on import restriction under th...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

CSC disputes leave investors with cold feet

DELAYS in resolving the dispute between the Cold Storage Company (CSC) and its creditors, mainly former workers, is likely to frustrate investors and prejudice already secured markets, analysts have ...

By Staff reporter | Published: 23 July 2017

TRANSPORT & TOURISM

Mzembi digs in on Zim roadblocks

Annual tourist arrivals from South Africa have declined from 1, 5 million to 600 000 partly due to heavy police presence on Zimbabwe's roads, a Cabinet minister has said. Tourism and Hospitality Indu...

By Staff reporter | Published: 23 July 2017

INDUSTRIALS & ENERGY

AVM gets $20m from China

Another mega deal signed between Zimbabwe and China in 2015 has been actualised, with Baic Automotive Group releasing US$20 million for recapitalisation of bus manufacturer AVM Africa. The deal is am...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim's diamond cutters, polishers struggling

Zimbabwean diamond cutting and polishing companies are struggling to absorb the mandated 10% market share set aside by government to encourage growth and development of the downstream industries, an ...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

More funding for command agriculture

Local fuel dealer, Sakunda Energy, says it is targeting to increase its funding for maize production under the command agriculture scheme to cover at least three million hectares next season.Vice-Pre...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

Zim farmers deliver grain to GMB

Over 1 000 tonnes of maize from the 2016/17 agricultural season had been delivered to the Grain Marketing Board (GMB) by April this year, the state's grain procurer said.Speaking at the maize value c...

By Staff reporter | Published: 23 July 2017

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